IDGT Iron Condor Strategy
IDGT (iShares U.S. Digital Infrastructure and Real Estate ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The iShares U.S. Digital Infrastructure and Real Estate ETF (the “Fund”) seeks to track the investment results of an index composed of US-listed companies engaged in the owning, operating, developing, or providing of infrastructure for the storage, processing, transmission and/or access of digital data and services.
IDGT (iShares U.S. Digital Infrastructure and Real Estate ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $164.2M, a beta of 1.10 versus the broader market, a 52-week range of 78.1-123.89, average daily share volume of 45K, a public-listing history dating back to 2001. These structural characteristics shape how IDGT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.10 places IDGT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. IDGT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on IDGT?
An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes.
Current IDGT snapshot
As of May 15, 2026, spot at $117.30, ATM IV 25.10%, IV rank 65.48%, expected move 7.20%. The iron condor on IDGT below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this iron condor structure on IDGT specifically: IDGT IV at 25.10% is mid-range versus its 1-year history, so the credit collected on a IDGT iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 7.20% (roughly $8.44 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated IDGT expiries trade a higher absolute premium for lower per-day decay. Position sizing on IDGT should anchor to the underlying notional of $117.30 per share and to the trader's directional view on IDGT etf.
IDGT iron condor setup
The IDGT iron condor below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With IDGT near $117.30, the first option leg uses a $123.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IDGT chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 IDGT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $123.00 | $1.29 |
| Buy 1 | Call | $130.00 | $0.31 |
| Sell 1 | Put | $111.00 | $1.34 |
| Buy 1 | Put | $106.00 | $0.61 |
IDGT iron condor risk and reward
- Net Premium / Debit
- +$171.00
- Max Profit (per contract)
- $171.00
- Max Loss (per contract)
- -$529.00
- Breakeven(s)
- $109.29, $124.71
- Risk / Reward Ratio
- 0.323
Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit.
IDGT iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on IDGT. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$329.00 |
| $25.94 | -77.9% | -$329.00 |
| $51.88 | -55.8% | -$329.00 |
| $77.81 | -33.7% | -$329.00 |
| $103.75 | -11.6% | -$329.00 |
| $129.68 | +10.6% | -$497.29 |
| $155.62 | +32.7% | -$529.00 |
| $181.55 | +54.8% | -$529.00 |
| $207.49 | +76.9% | -$529.00 |
| $233.42 | +99.0% | -$529.00 |
When traders use iron condor on IDGT
Iron condors on IDGT are a delta-neutral premium-collection structure that profits if IDGT etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
IDGT thesis for this iron condor
The market-implied 1-standard-deviation range for IDGT extends from approximately $108.86 on the downside to $125.74 on the upside. A IDGT iron condor is a delta-neutral premium-collection structure that pays off when IDGT stays inside the inner short strikes through expiration; the wing width should reflect the trader's tolerance for the maximum loss scenario where the underlying breaches an outer strike. Current IDGT IV rank near 65.48% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on IDGT should anchor more to the directional view and the expected-move geometry. As a Financial Services name, IDGT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IDGT-specific events.
IDGT iron condor positions are structurally neutral / range-bound; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. IDGT positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move IDGT alongside the broader basket even when IDGT-specific fundamentals are unchanged. Short-premium structures like a iron condor on IDGT carry tail risk when realized volatility exceeds the implied move; review historical IDGT earnings reactions and macro stress periods before sizing. Always rebuild the position from current IDGT chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on IDGT?
- A iron condor on IDGT is the iron condor strategy applied to IDGT (etf). The strategy is structurally neutral / range-bound: An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes. With IDGT etf trading near $117.30, the strikes shown on this page are snapped to the nearest listed IDGT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are IDGT iron condor max profit and max loss calculated?
- Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit. For the IDGT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 25.10%), the computed maximum profit is $171.00 per contract and the computed maximum loss is -$529.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a IDGT iron condor?
- The breakeven for the IDGT iron condor priced on this page is roughly $109.29 and $124.71 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current IDGT market-implied 1-standard-deviation expected move is approximately 7.20%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a iron condor on IDGT?
- Iron condors on IDGT are a delta-neutral premium-collection structure that profits if IDGT etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current IDGT implied volatility affect this iron condor?
- IDGT ATM IV is at 25.10% with IV rank near 65.48%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.